Retirement plan

401K SAVINGS PLAN FOR PETER MARINO ARCHITECTS

Name: PETER MARINO ARCHITECT, PLLC - 401K SAVINGS PLAN FOR PETER MARINO ARCHITECTS (2020) Form 5500
Creator: PETER MARINO ARCHITECT, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401K SAVINGS PLAN FOR PETER MARINO ARCHITECTS, PETER MARINO ARCHITECT, PLLC

PETER MARINO ARCHITECT, PLLCEIN 13-3070339Plan #001PY 2020

150 EAST 58TH STREET - NEW YORK, NY 101550002212-752-5444petermarinoarchitect.comLinkedIn51-200 employeesarchitecture & planning

Prospect flagsHigh feesHigh cash

How to read this page

Total assets (EOY)

$31.5M

+24.3% from 2019

Total participants

199

0.0% from 2019

Average account balance

$204,375

+22.7% from 2019

Annual return

18.60%

-3.81 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$41.77M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$263K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

159

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

71.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.62M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+18.16%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$73

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Service code 52 · EIN 04-1590850 1295 STATE STREET · SPRINGFIELD, MA 01111	Indirect Investment Fees	$78,744
STRATEGIC PENSION SERVICES, LLC6+ years Service code 13 · EIN 14-1836262 376 ALBANY SHAKER ROAD · ALBANY, NY 12211	Contract Administrator	$17,334
PETER E. SMITH6+ years Service code 16 · EIN 03-1369707 703 WEST HOUSATANIC STREET STE 251 · PITTSFIELD, MA 01201	Consulting	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$79K

$511 / participant

Recordkeeping$79K100.0%

% of EOY assets

0.250%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HANCOCK ASKEW & CO., LLP
Auditor EIN: 580662558
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$204,375

$99,957+104.5%

$149,730+36.5%

$73,493+178.1%

Participation rate

70.8%

75.7%-4.9pp

82.5%-11.7pp

70.7%+0.1pp

Annual return

18.60%

53.87%-35.3pp

276.70%-258.1pp

28.51%-9.9pp

Employer contribution / active EE

$2,399

$3,191-24.8%

$4,645-48.3%

$2,270+5.7%

Participant deferral / active EE

$8,849

$6,073+45.7%

$6,843+29.3%

$3,740+136.6%

Admin fee / account holder

$511

$551-7.1%

$9,310-94.5%

$513-0.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Service code 52 · EIN 04-1590850

1295 STATE STREET · SPRINGFIELD, MA 01111

Indirect Investment Fees

$78,744

STRATEGIC PENSION SERVICES, LLC6+ years

Service code 13 · EIN 14-1836262

376 ALBANY SHAKER ROAD · ALBANY, NY 12211

Contract Administrator

$17,334

PETER E. SMITH6+ years

Service code 16 · EIN 03-1369707

703 WEST HOUSATANIC STREET STE 251 · PITTSFIELD, MA 01201

Consulting

401K SAVINGS PLAN FOR PETER MARINO ARCHITECTS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401K SAVINGS PLAN FOR PETER MARINO ARCHITECTS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion